My Stock Value Strategy Starts Now (4 Viewers)

[David Dodds]

No I don't need the money to live on, but I am starting to feel like I got into this right at the end of a big upswing and now as many of you say, it could turn downward. I'm going to stick it out for a while, but a reason I would want to sell some and cut my losses would be to diversify some more also as I am mostly only in OCNF and PRGN.

I'm only in those 2 right now, but I'm not worried. I'll hold them for a month if need be. Bring on the earnings of each!

These are the only two stocks I am on right now (and upside down in both). I am not worried at all. I think we will see a run up just when they announce what day earnings will be.

 

[moderated]

finished up my averaging down and am now in for 38k shares of PRGN at average cost of 3.69.

will sell at $4 just to get out of this sinking ship.

 

[Random]

No I don't need the money to live on, but I am starting to feel like I got into this right at the end of a big upswing and now as many of you say, it could turn downward. I'm going to stick it out for a while, but a reason I would want to sell some and cut my losses would be to diversify some more also as I am mostly only in OCNF and PRGN.

I'm only in those 2 right now, but I'm not worried. I'll hold them for a month if need be. Bring on the earnings of each!

These are the only two stocks I am on right now (and upside down in both). I am not worried at all. I think we will see a run up just when they announce what day earnings will be.

In for 1500 OCNF @ 1.47. Only looking for 1.67 on this as I'm very nervous holding anything right now.

 

[Otis]

Really good stuff here.

 

[David Dodds]

finished up my averaging down and am now in for 38k shares of PRGN at average cost of 3.69.will sell at $4 just to get out of this sinking ship.

Seriously the best of luck here. I like your price here and expect you will get many chances to get out from underneath this soon.

 

[David Dodds]

How to have a heart attack 101....by David Dodds

1. Load up with 40,000 shares of a company that you know is operated by crooked people

2. Cringe as every penny it goes lower is $400..Oops there goes another $1200.

3. Rinse and Repeat all offseason

But as I say this, I fully expect to sell OCNF for 1.65+ and that will be a HUGE gain for me.

 

[moderated]

finished up my averaging down and am now in for 38k shares of PRGN at average cost of 3.69.will sell at $4 just to get out of this sinking ship.

Seriously the best of luck here. I like your price here and expect you will get many chances to get out from underneath this soon.

thanks. while i'm nervous unless the company goes bankrupt it should hit at least $4 by the end of the year. I'm willing to hold for as long as i have to.I might wuss out and sell half at 3.80 though just to lower my risk. I'll hold my call options through summer

 

[BassNBrew]

Just added 100 BBT at $22.34. This is more of a long term position. Pulled the trigger today because it was off by 8% today, significantly more than it's peers.

 

[David Dodds]

Year to Date Profit = $92,893

Today's Realized Gains/Losses = 0

Unrealized Gains/Losses:

20,000 PRGN @ 4.05

40,000 OCNF @ 1.505

Upside down in both here. Both feel safe though. Just kicking myself as I have had so many opportunities to be out of Paragon for a win and now I will likely need to wait for earnings.

 

[Otis]

Year to Date Profit = $92,893

This is kinda sick. Why would you ever bother working again?

 

[Mr. Pickles]

Year to Date Profit = $92,893

This is kinda sick. Why would you ever bother working again?

I'd probably stash it in a money market and play golf the rest of the year.

 

[Buckna]

Purely a speculative play, but I bought 500 shares of SOLR @ $7.31

Ouch, afterhours doesn't like the earnings release apparently. Looks like I'm going to take it in the rear here in the morning.

 

[Otis]

PRGN to release earnings next Tuesday, May 19th.

LINK

 

[BassNBrew]

Just added 100 BBT at $22.34. This is more of a long term position. Pulled the trigger today because it was off by 8% today, significantly more than it's peers.

WINSTON-SALEM, N.C., May 12 /PRNewswire-FirstCall/ -- BB&T Corporation (NYSE: BBT - News) announced today that it has priced a public offering of 75 million shares of common stock at a price to the public of $20 per share for total gross proceeds of $1.5 billion. The underwriters have a 30-day option to purchase up to an additional 11.25 million shares of common stock from BB&T to cover over-allotments. Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated are serving as joint book-running managers for the offering. BB&T Capital Markets, a division of Scott & Stringfellow, LLC, is acting as a co-manager for the offering.Following consultations with BB&T's regulators and subject to their final approval, BB&T intends to use the proceeds of this offering, in addition to other funds, to repay the preferred stock and associated warrants that it issued to the U.S. Department of the Treasury as part of its Capital Purchase Program.

I think I'll stick with the crooked Greek shippers and Chinese pig farmers from here on out. I just flushed $250 down the tiolet in 15 minutes today. 75 million represents about 15% of the current float. Obviously news on this leaked as the stock has tanked the last few days. Thanks for chopping the legs out from underneath your share holders. I'm half tempted to yank my accounts I have there. Hopefully my FAZ will cover this loss. Interesting to note that mgt just got done saying they didn't need the TARP funds and now they need to raise capital to repay them.

 

[David Dodds]

Knee deep in cranking out our magazine here so doubtful I will be doing much trading. I have set the following triggers to activate within the next two weeks should these levels get reached:

Sell 10,000 PRGN at 4.25

Sell 10,000 PRGN @ 4.40

Sell 20,000 OCNF @ 1.65

Sell 20,000 OCNF @ 1.75

If none of these triggers activate after reported earnings then I will reassess things then.

Good luck everyone.

 

[Cromedog]

Year to Date Profit = $92,893

This is kinda sick. Why would you ever bother working again?

Because he loves what he does and makes a lot more than that doing it.

 

[Alias]

I asked our CFO if I am able to trade ETF's, I think I might be able to, I just cannot trade individual stocks. I want to do some research before I put money into play. Do you guys recommend any good books or online articles to better understand the different ETF's and possibly trading strategies or key indicators to track?

 

[BassNBrew]

OCNF at $1.38 at the open.

 

[Harris]

PRGN droppin like a rock to open

 

[analog_hiss]

OCNF at $1.38 at the open.

Barely 20 minutes into the trading day and one million shares traded.

 

[analog_hiss]

For those that are following oil:

Oil climbs to near $60 on falling US inventories

Oil climbs to near $60 as falling US crude inventories suggest demand pickup

George Jahn, Associated Press Writer

On Wednesday May 13, 2009, 6:48 am EDT

...

The American Petroleum Institute said oil stocks fell 3.13 million barrels to 370.7 million last week. Analysts had expected a gain of 1.4 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

"The big driver today is the API number," said Clarence Chu, a trader with market maker Hudson Capital Energy in Singapore. "That's a pretty big draw when people were expecting a build."

Investors will also be watching for the weekly petroleum inventory data from the Energy Department's Energy Information Administration on Wednesday. According to the EIA, crude stocks have risen ten consecutive weeks and are near 19-year highs.

...

Energy Department report due @ 10:30

 

[FavreCo]

Run for cover ladies. The bear market rally is over. Bad news is now met with selling not buying.

Retail Sales Fall Unexpectedly in April doesn't equate with insane buying. It now means selling as it should.

 

[Buckna]

Purely a speculative play, but I bought 500 shares of SOLR @ $7.31

Ouch, afterhours doesn't like the earnings release apparently. Looks like I'm going to take it in the rear here in the morning.

Yay, majorly missed earnings and stock clobbered 20% today. Sold at $5.70 - loss of $804 Awful day today, everything getting torched.

 

[BassNBrew]

Any thoughts on when I should exit BB&T? It's currently back up over $21.

 

[analog_hiss]

Any thoughts on when I should exit BB&T? It's currently back up over $21.

This sounds like good news:

BB&T Corp Files Application To Repay TARP

By Matthias Rieker

Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--BB&T Corp. (BBT) Wednesday said it filed its application to repay the $3.1 billion it had received from the U.S. Treasury Department's Troubled Asset Relief Program.

The bank established a capital plan with a $1.5 billion stock offering announced this week, $800 million in debt already raised earlier, and $725 million in savings generated from cutting its dividend.

That plan leaves the bank not only with enough cash to pay back the government, but with a better capital structure all around, said Christopher Henson, BB&T's chief operating officer.

"Our request for approval has been submitted," he said in an interview with Dow Jones Newswires. It is unclear how long it would take for regulators to approve the plan and the application, but with the fresh capital in place and even after repayment, BB&T would end up with a Tier 1 Common capital ratio "north of 8%," Henson said, double the minimum requirements established through the stress test.

 

[BassNBrew]

Any thoughts on when I should exit BB&T? It's currently back up over $21.

This sounds like good news:

BB&T Corp Files Application To Repay TARP

By Matthias Rieker

Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--BB&T Corp. (BBT) Wednesday said it filed its application to repay the $3.1 billion it had received from the U.S. Treasury Department's Troubled Asset Relief Program.

The bank established a capital plan with a $1.5 billion stock offering announced this week, $800 million in debt already raised earlier, and $725 million in savings generated from cutting its dividend.

That plan leaves the bank not only with enough cash to pay back the government, but with a better capital structure all around, said Christopher Henson, BB&T's chief operating officer.

"Our request for approval has been submitted," he said in an interview with Dow Jones Newswires. It is unclear how long it would take for regulators to approve the plan and the application, but with the fresh capital in place and even after repayment, BB&T would end up with a Tier 1 Common capital ratio "north of 8%," Henson said, double the minimum requirements established through the stress test.

Problem is they're selling buttloads of stock at $20 to do this, thereby capping where it might go short term.

 

[Otis]

This is the beginning of the pullback perhaps?

Getting out of everything else and into FAZ looking ok so far. We'll see.

 

[analog_hiss]

Any thoughts on when I should exit BB&T? It's currently back up over $21.

This sounds like good news:

BB&T Corp Files Application To Repay TARP

By Matthias Rieker

Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--BB&T Corp. (BBT) Wednesday said it filed its application to repay the $3.1 billion it had received from the U.S. Treasury Department's Troubled Asset Relief Program.

The bank established a capital plan with a $1.5 billion stock offering announced this week, $800 million in debt already raised earlier, and $725 million in savings generated from cutting its dividend.

That plan leaves the bank not only with enough cash to pay back the government, but with a better capital structure all around, said Christopher Henson, BB&T's chief operating officer.

"Our request for approval has been submitted," he said in an interview with Dow Jones Newswires. It is unclear how long it would take for regulators to approve the plan and the application, but with the fresh capital in place and even after repayment, BB&T would end up with a Tier 1 Common capital ratio "north of 8%," Henson said, double the minimum requirements established through the stress test.

Problem is they're selling buttloads of stock at $20 to do this, thereby capping where it might go short term.

Just pointing out that originally you suggested this BBT buy was a long term one...well before you learned of the dilution. Everything is getting hammered today, so I would lean toward holding for brighter days rather than eat the loss now.

 

[Otis]

Really good stuff here.

Seriously, this guy's analysis is good. And based on what we're seeing today, this could be spot-on. This head and shoulders and overbought condition could lead to our pullback here. Perhaps not a good time to go against the grain.A wise man once said, "a rising tide lifts all boats."

 

[analog_hiss]

For those that are following oil:

Oil climbs to near $60 on falling US inventories

Oil climbs to near $60 as falling US crude inventories suggest demand pickup

...

Energy Department report due @ 10:30

And they concur:

Crude oil, gasoline inventories decline

Crude oil inventories drop despite expectations for increase; gasoline reserves plummet

...

For the week ended May 8 crude inventories fell by 4.7 million barrels, or 1.3 percent, to 370.6 million barrels, which is 17.6 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.

Analysts had expected a boost of 1.4 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

Gasoline inventories slipped by 4.1 million barrels, or 1.9 percent, to 208.3 million barrels, which is 0.5 percent below year-ago levels. Analysts expected stockpiles of the motor fuel to rise by 400,000 barrels.

...

 

[analog_hiss]

Really good stuff here.

Seriously, this guy's analysis is good. And based on what we're seeing today, this could be spot-on. This head and shoulders and overbought condition could lead to our pullback here. Perhaps not a good time to go against the grain.A wise man once said, "a rising tide lifts all boats."

Thanks for the link...saw that yesterday, read it last night. Definitely doesn't lack detail.

 

[King of the Jungle]

PRGN to release earnings next Tuesday, May 19th.

LINK

This should be interesting. Stock is being punished. Correction, I am being punished for getting greedy on this one.

 

[FavreCo]

This is the beginning of the pullback perhaps?Getting out of everything else and into FAZ looking ok so far. We'll see.

I'm in the POS again at 5.92. What the #### is wrong with me?

 

[Buckna]

Bought 1,000 FEED @ $4.06

 

[Mose]

Bought 1,000 FEED @ $4.06

brave. I ain't buying anything....

 

[BassNBrew]

Sold my BBT at for $60 loss. Could have been worse. Actually it probably drove FAZ enough to more that cover this loss.

 

[Mr. Pickles]

Actually it probably drove FAZ enough to more that cover this loss.

Here is a comment from one of the poets over at the Google Finance message board:

Ya FAZ is going up for sure, but you gotta dance to the music, weavewhen you gotta, sell when you see resistance, buy back in at support.Financials won't be going straight down, it's going to have seizureson the way down. Like with a drunken chick on the floor having aseizure, try to get in and out when you can hehe try to watch out forher bites though, but get in when you can and ride it until you get agood pop.Remember that afternoon rally yesterday? That was the chick trying tobite your johnson off, gotta watch out for that kind of stuff. Soonwe'll pluck out her teeth once we break the major resistance and it'lljust be fun pumpin pumping from there until we're all tired of it;after the pumping, we'll unload and dump her off in skid row with therest of the FAS owners.haha that was a little too grotesque even for my taste, oh well.

 

[Buckna]

Bought 1,000 FEED @ $4.06

brave. I ain't buying anything....

I'm not sure brave is the right word for it...Edit: How about another 500 @ 3.96?

 

[Otis]

 

[Mr. Pickles]

My spidey sense tells me that the market will have a moderate pullback, but nothing extreme. I think I was correct some time ago (when I bought FAZ) to say that the bank buying was completely irrational. I think in general fundamentals lag exuberance. I don't know what the exit point is for FAZ, but there is still a lot of financial uncertainty lurking and being sugar-coated, so it's a nice hedge if nothing else.

 

[FavreCo]

Bought 1,000 FEED @ $4.06

brave. I ain't buying anything....

FAZ is calling you.....

 

[Otis]

My spidey sense tells me that the market will have a moderate pullback, but nothing extreme. I think I was correct some time ago (when I bought FAZ) to say that the bank buying was completely irrational. I think in general fundamentals lag exuberance. I don't know what the exit point is for FAZ, but there is still a lot of financial uncertainty lurking and being sugar-coated, so it's a nice hedge if nothing else.

It's a good day to be all-in on FAZ. I'm tempted to take gains, but I think this is just the beginning of a slide for financials.Put differently, I agree wif Dr. P.

 

[None_More_Black]

"The legend lives on from the Chippewa on down..." Back to square one with my DSX and SBLK. Going to hold though.

 

[analog_hiss]

OceanFreight Inc. Announces Date for the Release of First Quarter 2009 Results, Conference Call and Webcast

ATHENS, GREECE--(Marketwire - May 13, 2009) - OceanFreight Inc. (NASDAQ: OCNF), a global provider of seaborne transportation services, today announced that it will release its results for the first quarter ended March 31, 2009 after the close of the market in New York on Tuesday, May 19th, 2009. On Wednesday, May 20th, 2009 at 8:30 A.M. EDT, the Company's management will host a conference call to discuss the results.

...

 

[Random]

OceanFreight Inc. Announces Date for the Release of First Quarter 2009 Results, Conference Call and Webcast

ATHENS, GREECE--(Marketwire - May 13, 2009) - OceanFreight Inc. (NASDAQ: OCNF), a global provider of seaborne transportation services, today announced that it will release its results for the first quarter ended March 31, 2009 after the close of the market in New York on Tuesday, May 19th, 2009. On Wednesday, May 20th, 2009 at 8:30 A.M. EDT, the Company's management will host a conference call to discuss the results.

...

Gonna be a long week......

 

[NYG Endzone]

Load up on both OCNF and PRGN with the hope that one of two has impressive earnings Tuesday?

 

[None_More_Black]

Load up on both OCNF and PRGN with the hope that one of two has impressive earnings Tuesday?

I think it is a good strategy for PRGN. When the stock was 4.50+ earnings might have been brushed off. At these levels decent earnings should cause the stock to pop. I think the market going forward is going to be more of a stockpickers' market instead of the incredible correlation that we have seen in the run-up. (although I will say I bought PRGN as a trade after they missed earnings by only a penny in March and they got hammered. I think it had to do more with the dividend cut and the tone of the market at the time.)

 

[Harris]

Load up on both OCNF and PRGN with the hope that one of two has impressive earnings Tuesday?

I'm just hoping Tuesday is my day of getting back to even on these bad boys. Gonna be a big day for sure.

 

[Alias]

If I am doing exclusively ETF trading, any sites you guys recommend? What are the easiest to fund/withdraw from and have timely executions? (as well as cheap trades of course!)

 

[Mose]

Unless results are bad, than Harris is leaping out a window.